Top 5 lending platforms for salaried employees

Living in a country full of ups and downs with a fixed salary flowing in our pocket, we tend to fall short of cash at any given point which results in extending our timeline for a handful of necessary activities. In such a scenario, taking a short-term loan compliments to be a rescue to fund your need. Be it from planning a travel to setting up your own business, reconstructing your house to getting wed with your loved one, paying sudden medical bills to buying your dream car, one can now lend and borrow money hassle-free.

Lending and borrowing have now become simplified than ever with the platforms mentioned below:

LoanTap

LoanTap is an online platform committed to deliver customized loan products to millennials. They innovate in an otherwise dull loan segment, to deliver instant, flexible loans on consumer-friendly terms to salaried professionals and businessmen. LoanTap helps you choose, compare & customize loan from an array of offerings like Personal Loan, EMI Free Loan, Personal Overdraft Facility, Credit Card Takeover Loans, Rental Security Deposit Loans, Advance Salary Loans and House Owner Loan.

RupeeCircle

Rupee Circle is a new age finance company that's moving the shift to a bank-less world. It has created a marketplace where borrowers’ requirements are listed and investors fund those loans. Rupee Circle provides access to quality credit for everyone at attractive interest rates through a simple, tech-enabled experience and exceptional customer service. On the other hand, it offers a favourable risk-adjusted return for the investors through excellent credit risk management and rigorous data science.

LenDenClub

A new-age P2P platform, simple to use, transparent and hassle-free, LenDenClub ensures that the borrowing needs of salaried individuals are met quickly and efficiently. LenDenClub's InstaMoney app has a targeted disbursement time of only 2-3 hours in the loan segment. Led by passionate problem-solvers and backed by top investors from around the world, they are poised to become the most trusted platform for lenders and borrowers in India catering to salaried employees.

MoneyLoji

Money Loji is a modern money lending platform that offers short-term personal loans to salaried individuals in India. It is the quickest and the most secure way to borrow loans for immediate requirement with flexible repayment options starting from 7 days to a maximum of 90 days. They use latest technologies like AI to make the lending process, from application to disbursement, timeless, convenient and paperless.

Early Salary

EarlySalary is an innovative lending platform that will change the way loans in India are taken. Being a new age online brand, they bring together new credit scoring systems for superior customer profiling; their mobile first strategy diverse loans within minutes. The online platform is backed by a strong leadership team that aims to build a new credit scoring platform that combines traditional credit scoring with new social and online scoring technology-linked risk assessment concepts, to deliver a revolutionary new business set to change the lending market in India.